Market Selloff Slows Long Bull Market

Disappointing Earnings, Rising Rates Hit Stocks and Bonds

The stock market tumbled last week, hit by disappointing corporate earnings and growing fears that the Federal Reserve is poised to wind down or "taper" its cheap-money policy, known as "quantitative easing." The turmoil in Egypt also soured sentiment.

The Dow Jones Industrial Average fell 344 points for the week, or 2.23%, including a 225-point drop on Thursday, while the broader S&P 500 index fell 2.1%. The...